Q3'24 FINANCIAL RESULTS October 31, 2024 Page 1 © Cohu, Inc. All rights reserved. Cautionary Statement Regarding Forward-Looking Statements Forward-Looking Statements: Certain statements contained in this presentation may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding design wins, new product introductions, sales expansion or manufacturing expenses and corresponding financial impacts; market segment gro ...

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $95.3 million, with a gross margin of approximately 47.1%, benefiting from new products and lower manufacturing costs [6][18] - Recurring revenue represented 67% of total revenue, demonstrating resilience during market downturns [6][18] - Operating expenses were $45.2 million, lower than guidance by approximately $1.6 million, leading to a non-GAAP operating income close to breakeven [19][22] - Non-GAAP EPS for Q3 was a loss of $0.08 [21] Business Line Data and Key Metrics Changes - Systems revenue increased sequentially in automotive and mobile segments, while declines were noted in computing, consumer, and industrial segments [6] - The mobile segment accounted for 12% of consolidated revenue and posted a 13% year-over-year revenue growth [6] - Significant design wins were achieved in the automotive semiconductor market, indicating strong potential for future revenue growth [7] Market Data and Key Metrics Changes - The high bandwidth memory (HBM) market is estimated at approximately $23 billion, projected to grow about 22% annually through the end of the decade [8] - The silicon carbide market is expected to grow at a 25% CAGR through 2029, with Cohu positioned to capitalize on this growth [12] Company Strategy and Development Direction - Cohu is realigning investments towards high-growth opportunities in memory and silicon carbide power semiconductor markets [8][15] - The company is expanding its recurring revenue through subscription-based software solutions aligned with Industry 4.0 trends [14][15] - Cohu aims to enhance its technology portfolio and expand served markets while returning capital to shareholders through share repurchase programs [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improvements in mobile revenue and overall bookings across market segments, indicating a potential recovery in 2025 [30][41] - The company anticipates Q4 revenue to be flat compared to Q3, with a projected 10% increase in Q1 2025 revenue [24][35] - Management noted that the automotive segment has shown improvement in bookings and revenue, suggesting a recovery trajectory [49][50] Other Important Information - Cohu's balance sheet remains strong, supporting investment opportunities and capital returns [22][23] - The company is participating in several investor conferences over the next three months, indicating ongoing engagement with the investment community [62] Q&A Session Summary Question: Mobile business strength and future outlook - Management confirmed that mobile revenue was up 13% year-on-year and bookings were up sequentially across all market segments, indicating optimism for 2025 [30] Question: Revenue potential for Neon and die level burn-in tests - Management indicated that the market sizing for HBM inspection is competitive, with initial orders expected to ramp up in 2025 [31][32] Question: Orders tracking and revenue expectations - Management noted that orders are forecasted to be over 1 in Q4, with anticipated revenue in Q1 expected to be 10% higher than Q4 [35] Question: Automotive business performance - Management highlighted improvements in automotive bookings and revenue, suggesting a recovery from a depressed market environment [49][50] Question: HBM opportunity and competition - Management clarified that Cohu is not competing directly with certain companies in the wafer inspection space, focusing instead on stacked die inspection metrology [54]

Group 1 - Cohu reported a quarterly loss of $0.08 per share, aligning with the Zacks Consensus Estimate, compared to earnings of $0.35 per share a year ago [1] - The company posted revenues of $95.34 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.36%, but down from $150.8 million year-over-year [2] - Cohu shares have declined approximately 26.7% since the beginning of the year, contrasting with the S&P 500's gain of 21.9% [3] Group 2 - The earnings outlook for Cohu is mixed, with the current consensus EPS estimate for the coming quarter at -$0.04 on revenues of $97.25 million, and -$0.11 on revenues of $404.55 million for the current fiscal year [7] - The Electronics - Manufacturing Machinery industry, to which Cohu belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Exhibit 99.1 Cohu Reports Third Quarter 2024 Results ● Third quarter revenue $95.3 million, approximately 67% recurring ● Gross margin of 46.8%; non-GAAP gross margin of 47.1% ● Sequential order growth with recurring improving 8% quarter-over-quarter POWAY, Calif., October 31, 2024 – Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today reported fiscal 2024 third quarter net sales of $95.3 million and GAAP loss of $18.1 mi ...

Cohu, Inc. (NASDAQ:COHU) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Jeff Jones - CFO Luis Muller - President and CEO Conference Call Participants Brian Chin - Stifel Ross Cole - Needham & Company David Duley - Steelhead Securities Operator Good day, and thank you for standing by. Welcome to Cohu's Second Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-a ...

Cohu (COHU) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this maker of semiconductor test equipment would post a loss of $0.01 per share when it actually produced earnings of $0.01, delivering a surprise of 200%. Over the last four quarters, ...

Exhibit 99.1 Cohu Reports Second Quarter 2024 Results ● Second quarter revenue $104.7 million, approximately 66% recurring ● Gross margin of 44.8%; non-GAAP gross margin of 45.1% ● Launched two new products: Krypton inspection metrology system and cStrider MEMS probe card ● Announced multi-year estimated $100 million win for test automation and inspection systems POWAY, Calif., July 31, 2024 – Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield ...

0.3% (2,718) $304,817 47.9% | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------|---------|--------------------------------|-------------|--------------------------------|-------------|---------------------------------|-------------| | Earnings Reconciliation | | 3 Months Ending \nDec 30, 2023 | Diluted EPS | 3 Months Ending \nMar 30, 2024 | Diluted EPS | 12 Months Ending \nDec 30, 2023 | Diluted EPS | | Net income (loss) - GAAP | | $ ( ...

CapEx in Q1 was $3.3 million with approximately $2 million related to our factories in the Philippines and Malaysia, supporting operations for our interface and automation businesses. Overall, Cohu continues to maintain a strong balance sheet to support investment opportunities to expand our served markets and technology portfolio in line with our growth strategy and return capital to shareholders through our share repurchase program. As a result, we are now modeling operating expenses to average approximat ...

Cohu Reports First Quarter 2024 Results ● Gross margin of 45.8%; non-GAAP gross margin of 46.0% POWAY, Calif., May 2, 2024 – Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today reported fiscal 2024 first quarter net sales of $107.6 million and GAAP loss of $14.6 million or $0.31 per share. Cohu also reported first quarter 2024 non-GAAP income of $0.6 million or $0.01 per share. "Recurring revenue continued to deliver sta ...